AvalonBay Communities, Inc. $AVB Shares Purchased by Gotham Asset Management LLC

Key Points

• Gotham Asset Management LLC increased its stake in AvalonBay Communities by 50.1%, acquiring an additional 25,173 shares during the first quarter, bringing its total holdings to 75,446 shares valued at approximately $16.2 million.
• Institutional investors collectively own 92.61% of AvalonBay Communities, with notable increases from hedge funds such as Vanguard and Price T Rowe Associates in the same period.
• Analysts have mixed predictions for AvalonBay, with a consensus price target of $223.43, following recent downgrades from several firms, while EPS for FY 2025 is expected to be between 11.190 and 11.590.

Gotham Asset Management LLC boosted its position in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 50.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,446 shares of the real estate investment trust's stock after acquiring an additional 25,173 shares during the period. Gotham Asset Management LLC owned 0.05% of AvalonBay Communities worth $16,192,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AVB. Proathlete Wealth Management LLC purchased a new stake in AvalonBay Communities during the first quarter valued at approximately $29,000. Opal Wealth Advisors LLC purchased a new stake in AvalonBay Communities during the first quarter valued at approximately $33,000. Keystone Global Partners LLC purchased a new stake in AvalonBay Communities during the first quarter valued at approximately $45,000. Zions Bancorporation National Association UT purchased a new stake in AvalonBay Communities during the first quarter valued at approximately $50,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in AvalonBay Communities during the fourth quarter valued at approximately $53,000. Hedge funds and other institutional investors own 92.61% of the company's stock.

Insiders Place Their Bets

In other AvalonBay Communities news, CFO Kevin P. O'shea sold 6,000 shares of AvalonBay Communities stock in a transaction on Monday, June 16th. The shares were sold at an average price of $207.57, for a total value of $1,245,420.00. Following the completion of the transaction, the chief financial officer owned 22,782 shares of the company's stock, valued at approximately $4,728,859.74. The trade was a 20.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Edward M. Schulman sold 5,945 shares of AvalonBay Communities stock in a transaction on Friday, June 13th. The shares were sold at an average price of $205.67, for a total transaction of $1,222,708.15. Following the completion of the transaction, the executive vice president directly owned 17,617 shares of the company's stock, valued at $3,623,288.39. The trade was a 25.23% decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

AvalonBay Communities Stock Performance

NYSE:AVB traded up $0.68 during mid-day trading on Tuesday, hitting $195.15. The company's stock had a trading volume of 673,674 shares, compared to its average volume of 820,456. AvalonBay Communities, Inc. has a 1 year low of $180.40 and a 1 year high of $239.29. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market cap of $27.79 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 2.81 and a beta of 0.87. The business's fifty day moving average is $195.36 and its two-hundred day moving average is $203.24.

AvalonBay Communities (NYSE:AVB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 EPS for the quarter, beating the consensus estimate of $2.80 by $0.02. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. The company had revenue of $689.90 million for the quarter, compared to analyst estimates of $759.08 million. During the same period in the prior year, the company earned $2.77 earnings per share. AvalonBay Communities has set its FY 2025 guidance at 11.190-11.590 EPS. Q3 2025 guidance at 2.750-2.850 EPS. Analysts anticipate that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on AVB. Evercore ISI decreased their target price on shares of AvalonBay Communities from $216.00 to $212.00 and set an "in-line" rating for the company in a research report on Tuesday, August 12th. Wells Fargo & Company decreased their price target on shares of AvalonBay Communities from $244.00 to $213.00 and set an "overweight" rating for the company in a report on Wednesday, August 27th. Barclays decreased their price target on shares of AvalonBay Communities from $241.00 to $228.00 and set an "equal weight" rating for the company in a report on Tuesday, August 12th. JPMorgan Chase & Co. decreased their price target on shares of AvalonBay Communities from $251.00 to $249.00 and set an "overweight" rating for the company in a report on Tuesday, June 17th. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $200.00 price target (down previously from $255.00) on shares of AvalonBay Communities in a report on Monday, August 4th. Six equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $223.43.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc is a real estate investment trust, which engages in the development, acquisition, ownership, and operation of multifamily communities. It operates through the following segments: Same Store, Other Stabilized, and Development or Redevelopment. The Same Store segment refers to the operating communities that were owned and had stabilized occupancy.